Major League Gaming as we once knew it is through. eSports Observer reports that MLG's Board of Director's have approved an asset purchase agreement that gives Activision Blizzard "substantially all" of the company's assets.

The sale was approved as a "corporate action taken without a stockholders' meeting by less than unanimous written consent" of stockholders. Stockholders not involved in the decision were informed through a letter sent out on December 22, eSports Observer says.

However, Series B shareholder and eSports personality Scott "SirScoots" Smith says he was only notified yesterday.


In addition to these changes, MLG CEO Sundance DiGiovanni has reportedly been replaced by MLG's former CFO, Gred Chisholm.

The company was founded in 2002 by DiGiovanni and Mike Sepso, and has been a pioneer in the North American eSports industry. There is no official announcement on how the buyout will affect the company, though it seems to be in good hands. Activision Blizzard recently appointed Steve Bornstein (former CEO of ESPN and the NFL Network) as chairmain of its new eSports division, with Sepso as senior vice president.

MLG is holding the Counter-Strike: Global Offensive Major Championship in March at its MLG Arena in Columbus, OH. There is no word yet on if this event will be affected. We'll keep you updated as the story develops.